EPMI – Enterprise Paid Mortgage Insurance

Most people are familiar with the term “Borrower Paid Mortgage Insurance”, as well as the option for “Lender Paid Mortgage Insurance”. This past July, Fannie Mae, announced the introduction of an additional mortgage insurance pilot program. The mortgage insurance option is called Enterprise-Paid Mortgage Insurance (EPMI) and allows a lender to deliver an over 80% Read more about EPMI – Enterprise Paid Mortgage Insurance[…]

CHARLESTON EVENTS IN SEPTEMBER

What an incredible summer we had! The best part of the year is approaching quickly: fall! School is back in session, football is starting, and cooler temps are on the way. September is going to be a great month. The Lowcountry Jazz Festival kicks things off at the Gaillard Center. Charleston Restaurant Week and Charleston Read more about CHARLESTON EVENTS IN SEPTEMBER[…]

MOVE OVER MILLENIALS, GENERATION Z IS ALREADY BUYING HOMES!

Were you afraid of growing up and giving up your stress free childhood?  Apparently Generation Z. has no fear at all.  The post-Millennial crop of kids, those born in 1995 and later, are already moving into homeownership! Maria Lamagna, writing for MarketWatch says just shy of 100K members of Gen Z, whose ages top out at Read more about MOVE OVER MILLENIALS, GENERATION Z IS ALREADY BUYING HOMES![…]

HOW TO WIN A HOME IN CHARLESTON’S COMPETITIVE MARKET

Cash may be king, but words are pretty powerful, too: One of the most effective ways to win a bidding war is to write the seller a letter as well as getting a full credit approval with your mortgage lender prior to placing an offer. All-cash offers nearly doubled a buyer’s chances of trumping others, Read more about HOW TO WIN A HOME IN CHARLESTON’S COMPETITIVE MARKET[…]

SEPTEMBER CALENDAR OF EVENTS IN CHARLESTON

  Cooler weather is coming and we are certainly ready for a break from the heat!  September brings the Jazz Fest, Charleston Restaurant Week, and Charleston Beer Week all in the same month.  Here is your September calendar of events: Aug 30-Sept24: Disney’s The Little Mermaid, Dock St Theater 1-3: 9th Lowcountry Jazz Festival, N Read more about SEPTEMBER CALENDAR OF EVENTS IN CHARLESTON[…]

6 Reasons Charleston Is The Perfect Home For You!

Charleston, South Carolina: the largest and oldest city in the entire state. This gorgeous port city, which was founded in 1670, has been around to witness America’s best and worst moments. It’s now evolved into a festive, bustling town that anybody would be lucky to lay eyes on. Charleston represents a harmonious marriage of the Read more about 6 Reasons Charleston Is The Perfect Home For You![…]

JULY IN CHARLESTON: CALENDAR OF EVENTS

Do you know what July in Charleston means? That means cookouts, vacation, sun, sand, the ocean and lots of fun events in our beloved city! There’s great music coming to town this month as well. The boys of summer are at it again at Joe Riley Stadium. It’s anyone’s guess what Riverdogs owner Mike Veeck Read more about JULY IN CHARLESTON: CALENDAR OF EVENTS[…]

Fannie Mae Helps Borrowers with Student Loan Debt Qualify for a Mortgage!

Fannie Mae announced April 25th that they will make it easier for borrowers with student loans to qualify for a mortgage. This is great new for current and former students who have been overburdened by student loan debt. These changes will go into effect May 1st 2017. The Economist reported in June 2014 that U.S. Read more about Fannie Mae Helps Borrowers with Student Loan Debt Qualify for a Mortgage![…]

HEY DOC! HOW ABOUT 275K MORE BUYING POWER?!

DOCTOR LOAN PROGRAM: As of 2015, the average student loan debt of a doctor was estimated at $183,000. With the current prevailing student loan interest rate at 6.31% with an average length of repayment of 21 that is a estimated a total payment of $1,312. With today’s rate still at historic lows hovering around 4%, Read more about HEY DOC! HOW ABOUT 275K MORE BUYING POWER?![…]

HAVE YOU AVOIDED LOOKING TO BUY A HOME BECAUSE YOU FEAR YOU WILL NOT HAVE ENOUGH MONEY?

Zach Larichiuta and the Lucy Lending Team are thrilled to announce the 1% Down Payment Program available to our valued clients! With the newly released Homeownership Advantage Program; buyers no longer need a large sum of cash to secure a home. This program focuses on supporting first-time homebuyers, low- and moderate-income borrowers, and families in Read more about HAVE YOU AVOIDED LOOKING TO BUY A HOME BECAUSE YOU FEAR YOU WILL NOT HAVE ENOUGH MONEY?[…]